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Stop Tax Penalties on American Hostages Act of 2025

Bill Number
S. 655
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Taxation
Status
Introduced
Latest Action
2025-02-20: Read twice and referred to the Committee on Finance.
Last Updated
2026-07-07T17:54:16Z

AI-Generated Summary

Purpose

The "Stop Tax Penalties on American Hostages Act of 2025" aims to protect U.S. nationals who are unlawfully detained or held hostage abroad from facing tax penalties due to their inability to meet IRS filing or payment deadlines during such periods. It postpones tax deadlines and provides refunds or cancellations (abatement) for any late fees already paid or assessed.

Key Provisions

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Coons, Christopher A. [D-DE]

Cosponsors (9)

Sen. Rounds, Mike [R-SD], Sen. Wyden, Ron [D-OR], Sen. Tillis, Thomas [R-NC], Sen. Cassidy, Bill [R-LA], Sen. Scott, Rick [R-FL], Sen. Van Hollen, Chris [D-MD], Sen. Fetterman, John [D-PA], Sen. McCormick, David [R-PA], Sen. Collins, Susan M. [R-ME]

Recent Actions

Bill Versions

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